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Updated over 8 years ago on . Most recent reply

User Stats

92
Posts
11
Votes
Arthur D.
  • Investor
  • Brooklyn, NY
11
Votes |
92
Posts

What to do???

Arthur D.
  • Investor
  • Brooklyn, NY
Posted
I was saving for my primary residence , but that might take at least two more years of saving. I have a opportunity to buy my second rental unit. (I have enough for that now) I'm not sure how would this affect my chances of buying my primary in the future. Would the affect be negative or positive.. Thanks all..

Most Popular Reply

User Stats

529
Posts
217
Votes
Christian Bors
  • Real Estate Agent
  • Mechanicsburg, PA
217
Votes |
529
Posts
Christian Bors
  • Real Estate Agent
  • Mechanicsburg, PA
Replied

Why not buy a multi family and house hack?  Solves both issues!  You get another rental plus you can take advantage of owner occupant financing.  You won't have to wait for 2 more years.  Lliving "rent free," will help you save much faster and after you get tired of living with tenants, you can rent out your unit and have positive cash flow.  WIN WIN

Cheers,

CB

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